African Tech Roundup

Katlego Maphai of Yoco on innovating within South Africa's mobile payments scene


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Katlego Maphai is the co-founder and CEO of the South African mobile payments startup, Yoco.
 
Yoco launched out of beta in October 2015 and the venture has since acquired over 6 500 merchants, has gone on to process approximately $76,7 million (R1 billion rand) in annualised transactions.
The company has recently announced the conclusion of a Series-A funding round (sum undisclosed) led by two foreign, fintech-focused institutional investors-- US-based Quona Capital (manager of Accion Frontier Inclusion Fund) and the Netherlands-based, Velocity Capital.
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